Service tax on hiring of vehicles
This query is : Open
01 March 2016
Dear Sir
We have received the Services of Hiring Vehicles from Indian Tourism Department. They charged Service Tax 5.6%(14%*40%) on bill. do we have to pay that 40%of 14% to Service Provider and remaining 60% of 14% has to pay Service Tax Department right?
here service provider and service receiver both are Government Organizations
We have received the Services of Hiring Vehicles from Indian Tourism Department. They charged Service Tax 5.6%(14%*40%) on bill. do we have to pay that 40%of 14% to Service Provider and remaining 60% of 14% has to pay Service Tax Department right?
here service provider and service receiver both are Government Organizations
04 March 2016
As per Sr. No. 9 of Notification No. 26/2012-ST dated 20-06-2012, abatement of 60% is available on Rent-A-Cab Service i.e. service of renting of any motor vehicle designed to carry passengers. It means service tax is payable on only 40% of the value of Rent-A-Cab service. Reverse charge mechanism is applicable for renting of motor vehicle designed to carry passengers.
07 March 2016
Thanks sir Thanking you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- LIC Annuity received under Jeevan Akshay Scheme
- In Exports Sales HSN details where to fill
- Form 10BD Filling
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
